Staff Reporter
Shoko Chukin Bank face high problem loans but profitability improving
Shoko Chukin Bank face high problem loans but profitability improving
The higher problem loans ratio may be due to its focus on the SME segment.
HSBC names Ishan Sarkar as head of WPS, Singapore
He is tasked with driving a differentiated wealth strategy for Singapore.
Card payments remain top choice of South Koreans
Nearly half of surveyed Koreans use credit cards for payments.
India’s new gold-backed loan rules changes competitive landscape
Lenders will have to gauge repayment capability using income and cash flows.
Nomura adds Allspring Income Fund to private banking lineup
The fund will be offered to private banking clients in Singapore and Hong Kong.
MUFG’s APAC transaction banking team names three new MDs
Two head the transaction banking teams in India and Indonesia, respectively.
Taipei Fubon Commercial Bank well-buffered to withstand market volatility
Asset quality of corporate lending will weaken moderately, however.
HSBC and Mastercard roll out mobile virtual corporate card in Hong Kong
HSBC’s commercial customers can issue virtual cards through a portal.
MUFG eyes enhancing intra-Asia flows, sustainability, O&D in FY2025
They are looking into AI as a means to adopt more sustainable and digital practices.
UOB becomes direct participant of China’s cross-border interbank payment system
UOB will provide one-stop cross border RMB clearing, settlement, and payments.
ASIC issues warning to influencers promoting high-risk financial products
The influencers are providing unauthorised financial product advice, ASIC said.
Malaysia rolls out innovation lab for climate finance solutions
Greater private sector involvement is needed to accelerate Malaysia’s climate journey.
DBS partners with Austrade to help Australian companies expand into SEA
DBS will provide advisory services, financial planning, and risk management.
Mizuho has given out JPY40.3t in sustainable finance loans in 5 years
The bank expects to have reduced its Scope 1 and 2 emissions by 64%.
Bank Central Asia prioritises margin stabilisation over aggressive loan growth
Its LDR and cost-to-income ratio are the lowest amongst its peers, UOBKH said.
1 in 2 Gen Alpha has digital wallet, investment account
Over half uses a digital wallet, and nearly the same share has an investment account
Visa unveils option to switch between debit and credit card in Vietnam
The Visa Flex Credential enables cardholders to do the switch via their bank app.
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